Delhi home sales swing up in June 2016

South Delhi Real Estate Market Update –

South Delhi Real Estate market got a significant boost last month with good location properties sales spiking over a year earlier.

Buyers closed on many lucrative homes with a median price range of 5 Cr, new data from the South Delhi Property Dealers show. The bulk of the transactions were in the 5 Cr to 9 Cr price range.

Even as the South Delhi Real Estate economy maintains a stable benchmark, there is a high demand of good location Basement Ground Duplexes and Penthouses in posh localities

Inventory in May was 6 months old but still in the range considered a buyers market.

“We are seeing more normal market conditions for this time of year and that is the direct result of more plentiful housing inventory for buyers,”

Southdelhifloors.com reported. “A year ago, the supply of builder flats was historically low, which increased buyer-side demand and pushed up realty prices. These are the fundamental forces of real estate supply and demand, and with more available flats and an easing of prices, we look forward to a healthy pace of sales throughout the summer.”